Canadian Crypto Fugitive Used Fake IDs Before Serbian Jail Arrest

Andean Medjedovic, a Canadian cryptocurrency fugitive, is currently embroiled in serious legal troubles. The story unfolds from his alleged $48 million hack that made headlines in December 2023. On December 11, Dutch authorities issued a European arrest warrant against him, leading to his eventual capture in Belgrade, Serbia, nine months later.

Background of the Fugitive

Medjedovic, now 21, hails from Hamilton, Canada. He completed high school by the age of 14 and earned a master’s degree in pure mathematics by 18. His brief academic accolades contrast sharply with his current legal predicaments.

The Cryptocurrency Hack

Authorities claim Medjedovic employed his advanced mathematical skills in a series of cybercrimes. He reportedly extracted millions from several crypto platforms, notably KyberSwap and Indexed Finance. U.S. and Dutch officials have linked him to an exploit executed from a hotel in The Hague, where he allegedly used a fake Slovak passport for identification.

Key Events Leading to Arrest

• Medjedovic issued a message to KyberSwap after the hack, indicating a demand for negotiations.
• He ignored a bug bounty offer from KyberSwap, pushing instead for exorbitant control over the platform.
• He fled the hotel the day after the heist, despite having paid for future accommodations.
• A warrant was previously issued against him in Ontario for a civil case involving Indexed Finance.

Criminal Allegations

Details from the legal proceedings have illustrated Medjedovic’s use of technology to manipulate crypto markets. He exploited vulnerabilities in crypto exchanges, fraudulently misrepresenting supply and demand, resulting in a severe financial impact for investors.

Traveling Under False Identities

Online speculation suggests Medjedovic traveled extensively while eluding capture, visiting countries like Brazil, Dubai, and Serbia. During his escapades, he utilized multiple aliases, including “Lorenzo,” and regularly altered his identification to protect his privacy and conceal his activities.

Current Legal Situation

Following his arrest in August 2024 upon returning to Serbia, Medjedovic faced charges based on evidence gathered over the years. He has publicly denied the charges and stated he wishes to remain in Serbia.

Extradition Proceedings

As of early 2025, the Belgrade Higher Court denied an extradition request from the Dutch authorities, citing insufficient evidence. However, it is clear that various nations are keenly interested in bringing him to justice.

Future Implications

Experts predict that as investigations continue, the pressure on Medjedovic will intensify. The complexities of cryptocurrency transactions create significant challenges for him in remaining undetected. If captured again or extradited, he may face severe penalties, potentially exceeding a decade behind bars.

As his story continues to unfold, the intersection of technology, law enforcement, and cryptocurrency remains crucial in assessing the implications of his actions. Filmogaz.com will keep track of further developments in this captivating case of a Canadian crypto fugitive.